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Tuesday, November 18, 2014

America’s bank bailouts worked - The Washington Post

America’s bank bailouts worked - The Washington Post



The United States actually got the big details of the bailout right – and for this reason, American taxpayers made money on the deal: about $8-10 billion, excluding the non-bank parts of the bailout.
The United Kingdom and Germany, by way of contrast, both enacted bailouts that were less effective in helping taxpayers share in the potential upside of the bailout. As a result, U.K. and German taxpayers were stuck with large book losses on their bailouts: $14 billion for the United Kingdom, and $55 billion for Germany, which is a lot of money, even for German Chancellor Angela Merkel.

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